Originally posted on The Daily Rival  |  Last updated 4/14/12

The Kings’ future in Sacramento looked bright in February, when the city and the team’s owners, the Maloof family, agreeing to a deal for a new downtown stadium that would keep the franchise in the city for the foreseeable future. But now the Maloofs now appear to be having second thoughts with the deal, and the city’s mayor, Kevin Johnson, wrote the family a letter Thursday reminding them of their “handshake” deal.

The Maloofs, who as part of the original tentative deal agreed to front $75 million for the arena’s construction, are complaining about a $3.26 million contribution toward environmental studies and other pre-development hurdles and are contending that they never agreed to the fee. The NBA has already reportedly loaned the Maloofs $200,000 to help cover those costs.

With the Maloofs potentially willing to balk at the whole stadium proposal all together, Johnson sent a letter to the family that was obtained by the media, reminding them of their responsibility to honor their commitment.

First, all parties agreed to a deal in Orlando on February 27th, codified in the term sheet subsequently approved by our City Council. At the time, George Maloof explained the Maloof Family’s reason for agreeing to the deal, saying to the Sacramento Bee that is it a “fair deal…worth taking.”

Any representation that a deal was not reached is simply not consistent with the perspective of every other party to the negotiation nor the actual statements of the family. [...]

The best – and only – way to demonstrate that commitment is to honor the “fair deal” as all other parties have done. Your handshake is your handshake. Your promise is your promise.

Johnson notably stood at center court hand in hand with brothers Joe and Gavin Maloof back in February during the first home game after the tentative deal was announced. Johnson (a former NBA point guard) is now on his way to New York to meet with the league and the Maloofs to hopefully find a resolution for this matter.

According to the Sacramento Bee, a group of 25 business owners sent a letter to Commissioner David Stern calling for new ownership of the Kings. That’s something that Johnson has reportedly also suggested.

I can think of people who’d be willing to buy the Kings, but I don’t think too many of them would be planning to keep them in Sacramento. So, for now, get used to Cheap Plastic Bracelet Arena (or whatever it’s called now), Kings fans, because that might be the only place you’ll ever see them play in Sac Town.

[H/T Eye on Basketball; Photo by Robert Couse-Baker]

GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Paul George extremely critical of Pacers following trade deadline

Chris Bosh joining TNT as analyst

Cameron Payne will have chance to shine with Bulls

Danny Ainge opens up about why Celtics didn’t make a trade before deadline

Kevin Durant wants to be NBA GM or owner after playing career

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Report: Mavericks discussing buyout with Deron Williams

T-Wolves reportedly backed away from Ricky Rubio-Derrick Rose trade

DeMarcus Cousins calls duo with Anthony Davis ‘Fire and Ice’

Reasons why 76ers got so little for Nerlens Noel emerge

John Lynch: 49ers ‘absolutely’ need to improve at QB position

Report: Raptors trade Jared Sullinger, two future picks to Suns for P.J. Tucker

Grading the NBA trade deadline on the Vince Carter scale

The 'Pete Rose instead of Kareem? Surely, you can't be serious' quiz

Streaming sports docuseries you don't want to miss

Teams that can prevent a Cavs-Warriors NBA Finals three-peat

The NFL off-season is a passer’s fancy

As NHL trade deadline nears, seven teams who could be dealing

Box Score 2/23: Gillon's buzzer-beater blast for the win

The Aesthetic: Pushing the boundaries of the three-pointer

The top 10 MLB third basemen heading into spring training

NBA coaches who should be fired soon

Box Score 2/22: Not everyone is happy with the new intentional walk rule

Teams and players who could be dealing at the NBA trade deadline

NBA News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Grading the NBA trade deadline on the Vince Carter scale

Streaming sports docuseries you don't want to miss

The 'Pete Rose instead of Kareem? Surely, you can't be serious' quiz

Teams that can prevent a Cavs-Warriors NBA Finals three-peat

The NFL off-season is a passer’s fancy

As NHL trade deadline nears, seven teams who could be dealing

QUIZ: Name every MLB pitcher who has recorded 10 or more shutouts in a single season

The top 10 MLB third basemen heading into spring training

The Aesthetic: Pushing the boundaries of the three-pointer

NBA coaches who should be fired soon

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker